Tex. Gov't Code § 842.055 · Subchapter A-1. TERMINATION OF PARTICIPATION BY SUBDIVISIONS
CLASS B.
Text — Current through the 89th 2nd Called Legislative Session, 2025
If any assets remain after the transfers are made under Section 842.054, the retirement system shall make a proportionate transfer to the individual account of each member of the subdivision not eligible to retire based on the ratio that the member's current service credit bears to the total current service credit of the class. The transfer to a member's individual account may not exceed 100 percent of the member's current service credit.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 506 (H.B. 633), Sec. 6, eff. January 1, 2006.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.842.htm
- Text hash
- sha256 8e75cdf657762bbd948d423ee98a0628d998f0fb81710c517208ec3662386e1b
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
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